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Gyrodyne Company Of America ( (GYRO) ) has provided an announcement.
On August 4, 2025, Gyrodyne, LLC announced that its subsidiary, GSD Flowerfield, LLC, executed a Purchase and Sale Agreement with B2K Smithtown LLC for the sale of approximately 49 acres of vacant land in St. James, New York, as part of its strategic liquidation plan. The sale price is set between $24,000,000 and $28,740,000, contingent on certain conditions. This transaction is expected to enhance the marketability and value of Gyrodyne’s adjacent industrial park and bring long-term value to the Smithtown community. The company estimates a net asset value in liquidation of approximately $32.6 million as of June 30, 2025, marking a 6% increase from the previous quarter.
More about Gyrodyne Company Of America
Gyrodyne, LLC is a company that owns and manages a diversified portfolio of real estate properties, including office, industrial, and service-oriented properties in the New York metropolitan area. The company owns a 63-acre site on Long Island, which includes industrial and office buildings, as well as undeveloped property. Gyrodyne’s common shares are traded on the NASDAQ Stock Market under the symbol GYRO.
Average Trading Volume: 1,162
Technical Sentiment Signal: Buy
Current Market Cap: $20.76M
For detailed information about GYRO stock, go to TipRanks’ Stock Analysis page.